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The West Loop neighborhood of Chicago has become one of the city’s most desirable places to live, known for its trendy restaurants, vibrant nightlife, and industrial-chic appeal. But with rising popularity often comes hefty price tags—leaving prospective renters wondering, “Is it possible to live in the West Loop without breaking the bank?” The answer is yes! This blog dives into some of the most affordable apartment buildings in the West Loop, proving you don’t need a sky-high budget to enjoy all this incredible neighborhood has to offer.

Why Choose the West Loop?

The West Loop has transformed into a cultural and culinary hotspot in recent years. Once an industrial district filled with warehouses and factories, it has reinvented itself into a lively urban neighborhood. Here are just some of the reasons people flock to the West Loop:

• Location: Situated near Downtown Chicago, the West Loop offers unbeatable convenience for commuters. The area is near public transportation hubs, with easy access to bus routes and CTA’s Green and Pink Lines.
• Dining and Nightlife: Known as the “restaurant row,” Randolph Street is a hub for some of Chicago’s best dining experiences. From upscale eateries to casual bars, there’s something here for every palette.
• Arts and Culture: The West Loop is dotted with galleries, street art, and creatives spaces that make it a haven for art enthusiasts.

While the allure of the West Loop is clear, the question remains—how can you enjoy this upscale neighborhood at a budget-friendly price?

If you’re looking for affordability without sacrificing the amenities and convenience of the West Loop, these apartment buildings should be at the top of your list.

555 W Madison

Presidential Towers lives up to its prestigious name. This 156-unit complex surpasses the typical expectations of a Chicago apartment building, offering luxury at an unexpectedly affordable price. Studio apartments start at approximately $1,500, a remarkable rate for the West Loop. Despite the low cost, there are no sacrifices in space or quality.

Every unit provides at least 500 square feet, complete with modern appliances, laminate flooring, and floor-to-ceiling windows. Larger units boast up to four bedrooms and 3,235 square feet. The complex at 555 W Madison features an array of revitalized amenities, including a picnic area, barbecue spots, multiple lounges, and a Fitness Formula Health Club. Residents also benefit from a 24-hour door attendant, direct garage access, several on-site restaurants, valet package service, and round-the-clock emergency maintenance.

855 W. Madison

Described as a “luxury West Loop apartment building,” 855 W. Madison might initially seem beyond budget for potential residents. However, this contemporary community offers exceptional value with studios starting at approximately $2,200 per month. The property boasts two elegant towers with 586 meticulously designed residences, ranging from cozy studios to spacious three-bedroom apartments.

Each unit features designer finishes, including stone countertops, deep cabinetry, and wide-plank hardwood flooring. Expansive windows offer breathtaking city views while bathing the interiors in natural light. The impressive amenities include a resort-style pool, a state-of-the-art fitness center, a game room, a sun deck, a grilling area, a pet play space, and a lounge. A dedicated concierge team and 24/7 maintenance staff ensure a seamless living experience that feels far more premium than the price suggests.

Arcadia Apartments

Rent range: Starting at $1,500/month

The Arcadia Apartments in the West Loop are a hidden gem for budget-conscious renters. This stylish yet affordable option offers modern units with open floor plans, large windows, and stainless-steel appliances. The building is pet-friendly, so furry friends are welcome! Common-area amenities include an on-site fitness center and a landscaped rooftop terrace perfect for unwinding after work.

Why choose Arcadia:

Close proximity to Randolph Street’s restaurant row
• Affordable rent without sacrificing modern features
• Pet-friendly policies for dog and cat owners

165 N Desplaines

Emme is a welcoming and affordably priced apartment community nestled at 165 N Desplaines Street in Chicago’s vibrant West Loop neighborhood. Rising 14 stories, Emme offers studio, one-bedroom, and two-bedroom suites, with unit sizes ranging from 460 to 965 square feet.

Rent is competitively priced for this market, averaging in the low $2,000s. Each unit boasts luxurious features such as fireplaces, hardwood floors, stone countertops, and floor-to-ceiling windows that capture breathtaking city views. Residents also enjoy an array of community amenities, including a fitness center, lounge, and pool. Emme’s prime location enhances its appeal, as it is within walking distance of Restaurant Row, several transit stations, and the downtown business district.

727 W. Madison

While 727 W. Madison is rich in amenities, it’s not exclusively for the affluent. Located in the West Loop and formerly known as One South Halsted, this apartment building offers competitive pricing given its prime location, diverse floor plans, and extensive facilities. As a 44-story landmark in the heart of Chicago, it provides stunning citywide views from nearly every unit, with higher floors showcasing particularly impressive vistas through expansive windows.

The building offers floor plans ranging from studios to three-bedroom units, starting at $2,000 per month, each boasting a minimum of 490 square feet. At the pinnacle of luxury are the 1,865 square foot suites featuring expansive layouts, separate dining areas, multiple bathrooms, and double vanities. Kitchens across all units are elevated with standard stone countertops and stainless steel appliances.

And those amenities? They rival those of a high-end hotel, including door service, a pool, a fitness center, a business center, a pet washing station, dry cleaning, and electric vehicle charging stations.

The Aberdeen West Loop

Rent range: Starting at $1,550/month

The Aberdeen is a great option if you’re seeking a mix of affordability and luxury. Featuring one- and two-bedroom units, the apartments are equipped with granite countertops, in-unit washers and dryers, and walk-in closets. Plus, its location places you just steps away from Greektown, one of Chicago’s most iconic neighborhoods.

Why choose The Aberdeen:

Spacious floor plans ideal for professionals or small families
• Convenient location near Greektown and Skinner Park
• High-end touches at a lower price point

1224 W Van Buren St

The adage “you get what you pay for” doesn’t apply at 1224 W Van Buren St—and that’s a good thing here. With rental prices in the mid-$2,000s, apartments at 1224 W. Van Buren are a great value when you consider what’s included.

This loft-style building features 189 units, each with hardwood floors, walk-out balconies, stainless steel appliances, panoramic windows, and lots of space. These mostly two-bedroom suites offer a minimum of 950 square feet. The value extends beyond the private residences in this professionally managed building, which includes a state-of-the-art gym, a rooftop deck, and secure bike storage.